Barry Callebaut 5-year results overview
Key figures Barry Callebaut Group¹
Consolidated Income Statement
CAGR (%) | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
2015/16 | ||
Consolidated Income Statement | |||||||
Sales volume | Tonnes | 3.4% | 2'095'982 | 2'139'758 | 2'035'857 | 1'914'311 | 1'834'224 |
Sales revenue | CHF m | 0.8% | 6'893.1 | 7'309.0 | 6'948.4 | 6'805.2 | 6'676.8 |
Gross profit | CHF m | 5.4% | 1'063.7 | 1'197.2 2 | 1'157.1 | 958.8 | 863.2 |
EBITDA (recurring)³ | CHF m | 7.2% | 711.9 | 775.0 | 728.3 | 592.1 | 539.4 |
Operating profit (EBIT) | CHF m | 4.7% | 483.2 | 601.2 | 554.0 | 460.2 | 401.7 |
Operating profit (EBIT, recurring)³ | CHF m | 5.1% | 491.0 | 601.2 | 554.0 | 442.1 | 401.7 |
EBIT (recurring) / sales revenue | % | 7.1% | 8.2% | 8.0% | 6.5% | 6.0% | |
EBIT (recurring) per tonne | CHF | 1.7% | 234.2 | 281.0 | 272.1 | 230.9 | 219.0 |
Net profit for the year | CHF m | 9.2% | 311.5 | 368.7 | 357.4 | 281.1 | 219.0 |
Net profit for the year (recurring)³ | CHF m | 9.9% | 319.3 | 394.7 | 357.4 | 263.0 | 219.0 |
Free cash flow | CHF m | 317.0 | 289.7 | 311.9 | 475.6 | 430.9 | |
Adjusted Free cash flow⁴ | CHF m | 403.8 | 256.8 | 316.6 | n/a | n/a |
Consolidated Balance Sheet
CAGR (%) | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
2015/16 | ||
Consolidated Balance Sheet | |||||||
Net working capital | CHF m | (3.5%) | 1'192.0 | 1'363.2 | 1'074.4 | 1'042.5 | 1'374.2 |
Non-current assets | CHF m | 5.0% | 2'800.1 | 2'650.0 | 2'505.5 | 2'477.7 | 2'301.0 |
Capital expenditure | CHF m | 8.7% | 280.9 | 279.6 | 217.9 | 220.4 | 201.0 |
Total assets | CHF m | 6.1% | 7'141.1 | 6'508.1 | 5'832.0 | 5'466.5 | 5'640.8 |
Net debt | CHF m | (1.5%) | 1'365.9 | 1'304.7 | 1'074.3 | 1'110.9 | 1'452.8 |
Shareholders’ equity | CHF m | 4.7% | 2'353.5 | 2'399.3 | 2'269.8 | 2'111.2 | 1'956.3 |
Ratios
CAGR (%) | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
2015/16 | ||
Ratios | |||||||
Return on invested capital (ROIC)⁵ | % | 10.3% | 12.5% | 12.2% | 11.0% | 9.5% | |
Return on equity (ROE)⁵ | % | 13.2% | 15.2% | 15.7% | 12.5% | 11.2% | |
Debt to equity ratio | % | 58.0% | 54.4% | 47.3% | 52.6% | 74.3% | |
Interest coverage ratio | 6.9 | 5.2 | 7.2 | 4.9 | 4.0 | ||
Net debt / EBITDA (recurring) | 1.9 | 1.5 | 1.5 | 1.9 | 2.7 | ||
Capital expenditure / sales revenue | % | 4.1% | 3.8% | 3.1% | 3.2% | 3.0% |
Shares
CAGR (%) | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
2015/16 | ||
Shares | |||||||
Share price at fiscal year-end | CHF | 12.2% | 2'000 | 2'024 | 1'728 | 1'380 | 1'264 |
Number of shares issued | 5'488'858 | 5'488'858 | 5'488'858 | 5'488'858 | 5'488'858 | ||
Market capitalization at year-end | CHF m | 12.2% | 10'977.7 | 11'109.4 | 9'484.7 | 7'574.6 | 6'937.9 |
EBIT (recurring) per share | CHF | 5.2% | 89.6 | 109.7 | 101.0 | 80.6 | 73.2 |
Basic earnings per share | CHF | 9.9% | 57.7 | 67.6 | 64.9 | 47.8 | 39.5 |
Cash earnings per share | CHF | 57.8 | 52.9 | 56.9 | 86.7 | 78.6 | |
Payout per share | CHF | 9.1% | 22.0 | 26.0 | 24.0 | 20.0 | 15.5 |
Payout ratio | % | 39% | 39% | 37% | 39% | 39% | |
Price-earnings ratio at year-end | 34.7 | 30.0 | 26.6 | 28.9 | 32.0 |
Other
CAGR (%) | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
2015/16 | ||
Other | |||||||
Employees | 5.7% | 12'335 | 12'257 | 11'570 | 10'528 | 9'898 | |
Beans processed | Tonnes | 2.3% | 982'725 | 1'002'025 | 956'440 | 925'544 | 898'135 |
1 Financial performance measures, not defined by IFRS, are defined on page 182.
2 Certain items previously classified under Other income and Other expense are now classified under the functional they relate. This resulted in a CHF 8.8 million increase in Gross profit in fiscal year 2018/19.
3 EBITDA recurring, Operating profit (EBIT) recurring and Net profit recurring exclude the cost of CHF 7.8 million for the closure of the Makassar, Indonesia, cocoa factory.
4 From fiscal year 2017/18 onwards, adjusted Free cash flow is presented for the cash flow impact of cocoa bean inventories regarded by the Group as readily marketable inventories.
5 From fiscal year 2018/19 onwards calculated based on Pro-forma (IFRS 16) and from 2017/18 onwards calculated based on Pro-forma (IFRS 15). For the current year impact of IFRS 16 refer to pages 46–49.